The Amman Stock Exchange (ASE) was re-elected as a member of the Board of Directors of the Arab Federation of Capital Markets (AFCM) during the annual general assembly meeting with the participation of heads of the member exchanges and depositories. The AFCM's new Board of Directors includes ASE, Tadawul - Saudi Arabia, Abu Dhabi Securities Exchange (ADX), Palestine, Egypt and Tunisia Stock Exchanges, Bahrain Bourse, and the Securities Depository Center - Saudi Arabia. "The re-election reflects the appreciation of the AFCM's members for Jordan and its national institutions, the ASE prominent role in the AFCM during the past years, and its active participation in its work and committees," said Mazen Wathaifi, ASE Chief Executive Officer. He added that this election also reflects the appreciation of the national capital market's developments, whether on the legislative or technical level, within a strategic plan aimed at upgrading the market and improving the investment climate in accordance with the latest international standards and practices. The AFCM was established in 1978 to be a steering body for Arab stock exchanges, and its membership includes Arab stock exchanges, Arab settlement and clearing organizations, and a number of financial institutions and brokerage firms across the Arab world. Source: Jordan News Agency
